Armenian politicians support the acquisition of Georgian Railways

The former chief of the national security service of Armenia, now an active member of the opposition, Davit Shahnazarov, thinks that Armenia is obliged to immediately purchase all the Georgian Railways shares on the London Stock Exchange.

According to Shahnazarov, this is not only an economic problem, but rather a vitally important issue for Armeniaâs state security. Access to the Georgian railway network is important to guarantee Armeniaâs exit to the Black Sea. 70% of Armenian imports are shipped through Georgian ports of Batumi and Poti to which Armenia already has a railway connection.

Georgian Railways plans to sell 25% of the stakes for which it hopes to get around USD 250 Million (EUR 197 Million).